Solutions Loan

A payday lending alternative for when cash gets tight.

You don’t have to pay the high rates and fees that payday lenders often charge. A Solutions Loan with Baton Rouge Telco is designed to help you make it to your next paycheck while building your credit.

No Minimum Credit Score Required
There is no minimum credit score requirement for a Solutions Loan. Your credit report must show no open bankruptcy or foreclosure to qualify.
Build a Positive Credit History
The payments you make on a Solutions Loan are reported to the credit bureau, giving you an opportunity to establish a positive credit history.
Bridge the Gap Between Paychecks
Borrow as little as $200 with flexible terms so you can make it to your next paycheck with less stress.
Lower Rates and Fees
Unlike payday lenders, a Solutions Loan offers only 28.00% APR and a $20 application fee. There’s never any penalty or fee for early payoff.

Solutions Loan Details

Membership must be open at least 12 months to be eligible to apply
No minimum credit score
Credit report must show no open bankruptcy or foreclosure
Loan amounts from $200 to $1,000
Loan terms from 3–6 months
28.00% APR
Application Fee $20

Requirements

Members must provide to following:

Two recent pay stubs from current employer or proof of fixed income
Three (3) references

Payroll deduction is not required, but it is strongly encouraged.

Members may only have one (1) Solutions Loan open at a time.

See Today’s Rates

SOLUTIONS LOAN
Maximum Term	Minimum Amount	Maximum Amount	APR
Quoted rate of 28.00% APR for 6 months has payments per $200 equal to $36.11/month.
Maximum Term 6 months	Minimum Amount $200	Maximum Amount $1,000	APR 28.00%

Looking for a different type of loan? We’ve got many to offer.

Learn More

Serious man and woman sitting at kitchen table in front of open laptop computer, looking at screen with concentrated expression, focused on paying utility bills online. Family budget and finances

You can pay online, by phone (fee may apply), by mail or at your nearest branch location. You can also set up a recurring automatic withdrawal payment option.

Payments made prior to 4 PM CST on business days will be posted to your account the same day after 5 PM CST. All other payments will be posted to your account the following business day.

We are unable to process loan payments using credit cards, but debit cards are accepted for payment by phone (fees may apply).

Collateral is only required for a share-secured personal loan. This loan uses funds on deposit in your savings account, certificate or money market as collateral.